Latest Nigeria Business News
Deposit Money Banks have started showing investors price quotes for the naira on screens instead of giving them by phone, traders have said. The move is part of an effort to draw dollars back to the nation’s ailing economy, which has been short of dollars since the price of crude oil, the main source of […]
The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said that the Federal Government was currently profiling high net worth individuals to ensure that what they currently own as assets correspond with the amount they were paying as taxes. She said this via a video posted on her Facebook page where she responded to questions […]
The Nigerian Stock Exchange market capitalisation soared by N79bn on Thursday as 26 counters appreciated. The NSE All-Share Index advanced by 0.62 per cent at the end of trading, pushing the year-to-date return to 38.18 per cent. A total of 412.122 million shares valued at N4.721bn exchanged hands in 4,207 deals. The total volume of […]
The Asset Management Corporation of Nigeria (AMCON) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) as strategy to recover N4.6 billion from debtors across the country. The corporation said this in a statement issued after a meeting with the management of the EFCC on Thursday in Lagos. It said the […]
The NSE has continued to grow significantly for two days straight. The activities for Thursday came to a close with the market generally increasing by 0.62per cent. After the close of thursday’s trading which saw the exchange of over 41 million shares valued at over 47 billion Naira in 4,207.00 deals, 25 stocks appreciated, 17 depreciated while all others closed flat with prices unchanged. The market […]
The Nigeria Deposit Insurance Corporation (NDIC) has said the banking industry recorded a decline in the rate of successful fraud incidences and in the extent of losses in 2016 compared to 2015. Umaru Ibrahim, the NDIC’s Managing Director/Chief Executive, said this in a statement by the Head of Communication and Public Affairs of the Corporation, […]
Acting President Yemi Osinbajo has stated Nigeria will continue to exist as one indivisible nation. He admonished those speculating that the nation will one day divide, to desist from doing so, as the country has come to stay. He made the statement in Abuja on Wednesday, at the opening of the National Seminar on Unity […]
The Nigerian National Petroleum Corporation, NNPC, says the West African Gas Pipeline (WAGP) would be extended from Ghana to Ivory Coast as part of the Nigerian Government West African energy integration policy. The Group Managing Director of the NNPC, Dr. Maikanti Baru said this 0n Wednesday while receiving a delegation from Ivory Coast at the NNPC Towers […]
Nigerian youths have been urged to avoid anything that threatens the sovereignty and unity of the country. Former Head of State, General Yakubu Gowon gave the advice at a national security seminar on “Unity in Diversity: Security and National Development”, organised by the Department of State Service (DSS) in Abuja. Gowon urged the youths not to allow […]
The Nigerian Government has granted ‘Pioneer Status’ to creative industry, meaning it is qualified for tax holiday and other incentives. This is aimed at transforming the industry to a creative economy that can create jobs. The Minister of Information and Culture, Alhaji Lai Mohammed, said the decision to grant the industry ‘Pioneer Status’ is in […]